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  <p>Reserve Bank of India has not issued any specific notification which gives the guidelines to open an office or branch outside India. </p><br>
<p>During pre FEMA era, for opening of an office /branch outside India an application in the Form OBR alongwith supported documents were required to be submitted to Authorised Dealer. Approval was given for a period of 6 months within which overseas office/ branch is set up.</p><br> 

  <p>On introduction of FEMA, there is no precondition to obtain necessary permission from RBI to open such offices abroad. In other words, a branch or an office can be opened abroad under the host country regulations.<br><br>
Perhaps Reserve Bank of India monitors provisions relating to Foreign Currency Accounts that may be opened by Persons Resident in India. The provisions which enable a person resident in India to open a Foreign Currency Account are covered under regulation 7 of Notification 10/2000 dated 3rd May, 2000 namely Foreign Exchange Management (Foreign Currency accounts by a person resident in India) Regulations, 2000.
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